Oliver Wyman Actuarial – Manager – UK Life in London

Oliver Wyman is currently growing its Actuarial department and seeking Actuaries (partially or fully qualified) to join the UK team. This position requires the candidate to work closely with our wider management consulting team, as well as our actuarial teams across Europe and other regions, to independently analyse complex problems and develop innovative solutions for our clients.

Potential Projects

• Capital and financial reporting, leveraging the tools available and developed by Oliver Wyman globally. This will also cover capital optimisation, IFRS 17 and understanding the latest regulatory changes.
• Risk management and support, including validation, risk appetite reviews and oversight, as well as emerging practice on climate risk.
• New business propositions and life and PRT/annuity product development including modelling, valuation analysis and strategy support.
• Ability to lead client conversations on certain topics and heavily participate in client presentations and RfP responses.
• Mergers & acquisitions due diligence including assumption review, management support and strategy, model build, and development of projected UK statutory distributable earnings, Actuarial Appraisal Values and so on.
• Transformation of pre and post actuarial model data and processes, including systems and financial reporting integration, analytics, and workflow.
• Actuarial model conversions and optimisation and help clients undertake wider actuarial transformation.
• Client and industry presentations, surveys, case studies and wider marketing support and business development including managing proposals, tenders and other stakeholder management.
• Development and maintenance of intellectual capital, including involvement with the latest data science techniques and cutting edge methodologies from quantitative finance.
• Supporting other business lines within the Marsh family as we continue to build integrated solutions for our clients.

Skills and Attributes

• Bachelor’s or Master’s degree, preferably in Actuarial Science, Mathematics, Statistics, Finance or a related field.
• Minimum 5 years of relevant Life Insurance actuarial experience.
• Fully qualified actuary (FIA or equivalent).
• Strong knowledge of finance and/or risk management topics, including technical aspects such as Solvency II internal models, ORSA and IFRS 17.
• Demonstrated ownership of work streams and ability to support the design of a solution and execute on that design as part of a wider team.
• Understanding of the insurance industry and the challenges faced by our clients.
• Highly motivated and willing to work in a dynamic environment and ability to motivate others around them.
• Strong background in problem-solving with demonstrable analytical skills.
• Ability to lead a small team to ensure client needs are met, and our junior staff receive exceptional on-the-job training.
• Ability to manage the various stakeholders with exceptional communication skills - managing the team, the client, and communicating effectively with senior management.
• Ability to multi-task and support the team to the best of their ability, in managing its multiple priorities.
• Experience in reinsurance, capital, and M&A projects is also highly desirable.

Equal Employment Opportunity

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us.